Posted on 07/16/2012 9:02:46 PM PDT by blam
Corn Is Still Ripping Higher, And Is Now Up More Than 50% In Less Than A Month
Joe Weisenthal
Jul. 16, 2012, 8:14 PM
Non-stop going up.
Thanks to the drought... December corn futures via the CME, now up more than 50% from recent lows.
(Excerpt) Read more at businessinsider.com ...
Go back to sleep.
here is a crazy idea.. so hold on to your hat!
Lets burn OIL in our cars. Something that seems to be in HUGE supply (if we can drill for it)
That’ll free up our FOOD so we can eat it!
Brilliant I know. Simple..
DC will never go for it.
Tpaw even rammed through higher mixture amounts of corn in our fuel in Minnesota.
Won’t this drive up the price of gas? Natch!
Pray for America
About a year ago the Ethanol Lobby was pushing upping the amount of ethanol in gasoline from 10% to 15%. An increase of 50%.
Nothing happened in congress, but this is an election year. Next year, who knows?
of course it will... it jumped .15 a gallon here today.
Near the end of his second term (If I remember right) potential VP Candidate Tim Pawlenty saddled Minnesota with a 20% mandate...
Food riots.
Watch food prices continue to rise.
Food and non foods that contain corn:
http://fauquierent.net/allergy/allergy-corn.pdf
and some more
http://www.ehow.com/list_5851584_list-high-fructose-corn-syrup.html
Even the price of bologna will increase.
I hear that frozen orange juice concentrate is up as well.
Suspending the ethanol mandate now will have little to no effect on corn (or other) foodstuff prices. Since the distiller’s grains that come out the backside of ethanol are already used as cattle feed and there’s really no net loss of foodstuffs from ethanol, what will cause suspension of the ethanol mandate will be the economic crush as the spread between corn and gasoline inverts and takes the ethanol producers under.
One benefit I do see to these corn prices is that HFCS will probably become un-economical vs. cane sugar. I’d dearly love to see the HFCS industry get wiped out. That’s a complete boondoggle.
LLS
———Can we suspend the Ethanol mandates?———
That would not be legal.
The way it is done by the tyrant’s regime is to waiver the ethanol requirement. He can waiver what ever he disdains and will benefit the voting detritus of America
Yes, it is. The sugar tariff in the U.S. is the poster-child for free trade. We pay exhorbitantly high prices for cane sugar, suffer with lousy-tasting fructose substitutes, and watch the candy industry move to Mexico.
The sugar tariff has cost the country 4 times as many jobs as it's saved. But there are still plenty here who think we must suffer for what they see as the "common good."
Notice this is about corn FUTURES MARKET, not todays trading market.
Last month and two months ago cash corn was about $6.50. Today $7.50.
If any of you really believe the article, buy cash corn, deliver it in December AND MAKE A KILLING!
Just don’t use money you really need, ‘cuz the odds are against that happening.
I just bought 8 ears of corn for $1.
Midwest corn today is $7.65, for one bushel - 56#. Of course it’s for animal feed, not human consumption. At least not without a lot of processing.
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